Peru's transport and communications ministry (MTC) is currently studying the extension of telecoms operator Telefónica del Perú's (TdP) concession until 2024, local press reported.
This resolution has been on hold since 2004, according to the report. At that time, MTC said that it was not renewing the concession that lasted until 2019 because the operator had failed to fulfill previously defined goals.
However, sector watchdog Osiptel recently said in a report that the operator has fulfilled 84% of the goals stipulated in the company's concession.
The country's deputy communications minister Gonzalo Ruiz said that TdP has not yet asked MTC for the extension of the concession contract for the 2019-2024 period.
Telefónica is always looking to extend its concession contract as much as possible since the operator has a large volume of assets in the country, according to telecoms consultancy firm DN Consultores director Carlos Huamán.
TdP's concession contracts are different compared to other operators' contracts, Huamán said, as TdP's concession started with the privatization of the company 15 years ago.
Huamán told BNamericas that the company is mainly earmarking capex to the mobile and broadband business, while focusing on wireless infrastructure in the outskirts of large cities.
At the end of the third quarter this year, TdP had 2.94mn clients in the fixed telephony segment and 670,000 broadband subscribers. The operator expects to invest US$400mn next year, according to recent press reports.
TdP is the local subsidiary of Spanish telecommunications giant Telefónica (NYSE:TEF).
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